AN EVALUATION OF THE ROLE OF THE NIGERIAN CAPITAL MARKET ON THE INDUSTRIALISATION OF THE NIGERIAN ECONOMY 2002 - 2008

📄 Project Abstract

One of the major economic objectives of every nation is to maintain a sustained increase in economic development, through a continuous rise of the economic indicators like the Gross Domestic product (GDP) and capital formation. For this to be achieved, industries must be built and adequately maintained. However, industrialization requires huge amount of fund which can be available through the pooling together of numerous savers fund. The Capital Market is the medium through which this fund can be sourced. In the light of the above, the study aimed at evaluating the role of the Nigerian Capital Market on the industrialization of the economy. However, the objectives of the study include; examining the extent which the capital market has boosted industrialization in Nigeria; how capital market has enhanced capital formation; ascertain the rate of growth in capital market development; and to proffer recommendations. The study covered a period of seven years. Being an Expo Factor research ...